I awoke this morning feeling quite happy, now that I have read this thread I think I will go back to bed!

But wait! all is not lost for followers of this forum. Look on the bright side! So many businessmen and speculators, will soil their trousers over this forthcoming crisis, they will all need new suits!

Before Enron and Bernie Madoff there was Charles Ponzi in the 1920s. And long before Ponzi came along, Charles Dickens described similar fraudulent schemes in his 1844 novel Martin Chuzzlewit and 1857 novel Little Dorrit.

There is an argument to be made that global capitalism is just one big Ponzi scheme. Even the assumption that it is possible to have an eternally growing GDP is fundamentally unsustainable and delusory.

Well Martin you are absolutely right. But, since greed is already there and sometimes it is hard to know when a few rules helps keeps it from getting outlandish. Raising and lowering taxes can help. Taxes are a great tool. Raising when to much greed shows up and lowering to encourage to hire and raise wages to those down lower on the ladder.

There is lots to say about economics. Like, where does money come from and where does it go. If you think about that from a commercial fishers view it is when and where do you drop your net? Fishing can be seasonal, so can investing. Why work for every penny one gets?

Bear and Bull seems often misunderstood. When a bear is running is a bull chasing it? Bear means that 51 percent or more of the market is not doing so well, so what do you think the bull is doing? Explained another way; if you own a hiking camping mountaineering store during a bear market your business is doing bullish well because people are buying tents etc instead of motor-homes and flying to distance lands for vacation. So there is almost always times when some are losing and others are gaining, either way.